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United States

Nucor Corp (NUE)

NUE on New York Consolidated

53.90USD
20 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Nucor Sees Q2 Earnings Per Share $1.20 To $1.25
Monday, 17 Jun 2019 09:00am EDT 

June 17 (Reuters) - Nucor Corp ::NUCOR ANNOUNCES GUIDANCE FOR SECOND QUARTER OF 2019 EARNINGS.SEES Q2 EARNINGS PER SHARE $1.20 TO $1.25.PERFORMANCE OF STEEL MILLS SEGMENT IN Q2 OF 2019 IS EXPECTED TO DECREASE COMPARED TO Q1 OF 2019.PROFITABILITY OF STEEL PRODUCTS SEGMENT IN Q2 OF 2019 IS EXPECTED TO IMPROVE AS COMPARED TO Q1 OF 2019.PERFORMANCE OF RAW MATERIALS SEGMENT IS EXPECTED TO DECREASE IN Q2 OF 2019 AS COMPARED TO Q1 OF 2019.Q2 EARNINGS PER SHARE VIEW $1.48 -- REFINITIV IBES DATA.  Full Article

Nucor Reports Q1 Earnings Per Share Of $1.63
Tuesday, 23 Apr 2019 07:30am EDT 

April 23 (Reuters) - Nucor Corp ::NUCOR REPORTS RESULTS FOR FIRST QUARTER OF 2019.Q1 SALES $6.1 BILLION VERSUS REFINITIV IBES ESTIMATE OF $6.07 BILLION.Q1 EARNINGS PER SHARE $1.63.AVERAGE SALES PRICE PER TON IN Q1 OF 2019 DECREASED 4% COMPARED WITH Q4 OF 2018.AVERAGE SCRAP AND SCRAP SUBSTITUTE COST PER TON USED DURING Q1 OF 2019 WAS $352, A 2% DECREASE COMPARED TO $359 IN Q4.EARNINGS IN Q2 OF 2019 ARE EXPECTED TO BE SIMILAR TO Q1 OF 2019, EXCLUDING GAIN ON SALE OF EQUITY METHOD INVESTMENT.PERFORMANCE OF STEEL MILLS SEGMENT IN Q2 OF 2019 IS ANTICIPATED TO BE CONSISTENT COMPARED TO Q1 OF 2019.AS EXPECTED, EARNINGS FROM COMPANY'S STEEL MILLS SEGMENT IN Q1 OF 2019 DECREASED FROM Q4 OF 2018.PERFORMANCE OF RAW MATERIALS SEGMENT IS EXPECTED TO DECREASE IN Q2 OF 2019 AS COMPARED TO Q1 OF 2019.6,767,000 TONS WERE SHIPPED TO OUTSIDE CUSTOMERS IN Q1 OF 2019, A 1% INCREASE FROM Q4 OF 2018.Q1 EARNINGS PER SHARE VIEW $1.50 -- REFINITIV IBES DATA.PROFITABILITY OF NUCOR'S STEEL PRODUCTS SEGMENT IN Q2 OF 2019 IS EXPECTED TO SIGNIFICANTLY IMPROVE AS COMPARED TO Q1 OF 2019.OVERALL, NUCOR IS WELL-POSITIONED FOR CONTINUED GROWTH AND SUCCESS.NUCOR - WEAKENING MARGINS FOR SHEET AND PLATE MILL PRODUCTS IN Q2 EXPECTED TO BE OFFSET BY IMPROVING MARGINS FOR STRUCTURAL AND BAR MILL PRODUCTS.NUCOR - PERFORMANCE OF RAW MATERIALS SEGMENT EXPECTED TO DECREASE IN Q2 VERSUS Q1 DUE TO FURTHER MARGIN COMPRESSION IN DRI BUSINESSES.DRI BUSINESSES HAS EXPERIENCED DECLINING AVERAGE SELLING PRICES SINCE Q4 OF 2018.  Full Article

Nucor To Build New Plate Mill In Kentucky
Wednesday, 27 Mar 2019 04:30pm EDT 

March 27 (Reuters) - Nucor Corp ::NUCOR TO BUILD NEW PLATE MILL IN KENTUCKY.NUCOR CORP - WILL INVEST APPROXIMATELY $1.35 BILLION TO BUILD MILL.NUCOR CORP - MILL WILL BE CAPABLE OF PRODUCING 1.2 MILLION TONS PER YEAR OF STEEL PLATE PRODUCTS.NUCOR CORP - PLATE MILL IS EXPECTED TO BE FULLY OPERATIONAL IN 2022, PENDING PERMIT AND REGULATORY APPROVALS.  Full Article

Nucor Sees Q1 Earnings Per Share Of $1.45 To $1.50
Friday, 15 Mar 2019 09:00am EDT 

March 15 (Reuters) - Nucor Corp ::NUCOR ANNOUNCES GUIDANCE FOR FIRST QUARTER OF 2019 EARNINGS.SEES Q1 EARNINGS PER SHARE $1.45 TO $1.50.SHEET PRICING IS REBOUNDING AS RECENT PRICE INCREASES ARE TAKING HOLD.EXPECT EARNINGS OF STEEL MILLS SEGMENT IN Q1 OF 2019 TO DECREASE FROM Q4 OF 2018.PERFORMANCE OF RAW MATERIALS SEGMENT IS EXPECTED TO DECREASE IN Q1 OF 2019 AS COMPARED TO Q4 OF 2018.PROFITABILITY OF OUR STEEL PRODUCTS SEGMENT IN Q1 OF 2019 IS EXPECTED TO BE SIMILAR TO Q4 OF 2018..Q1 EARNINGS PER SHARE VIEW $1.63 -- REFINITIV IBES DATA.BELIEVE THAT SHEET PRICING REACHED LOW POINT DURING Q1 AND ARE ENCOURAGED BY IMPACT OF RECENT PRICE INCREASES.EXPERIENCING SHIPMENT DELAYS TO CONSTRUCTION CUSTOMERS OF STEEL MILLS AND STEEL PRODUCTS SEGMENTS DUE TO AN UNUSUALLY WET WINTER SEASON..EXPECT EARNINGS OF STEEL MILLS SEGMENT IN Q1 TO DECREASE DUE PRIMARILY TO LOWER AVERAGE SELLING PRICES, MARGINS IN SHEET MILL GROUP.PERFORMANCE OF RAW MATERIALS SEGMENT IS EXPECTED TO DECREASE IN Q1 DUE TO MARGIN COMPRESSION IN DRI BUSINESSES.  Full Article

Nucor reports record annual earnings for 2018
Tuesday, 29 Jan 2019 09:00am EST 

Jan 29 (Reuters) - Nucor Corp ::NUCOR REPORTS RECORD ANNUAL EARNINGS FOR 2018.Q4 SALES $6.3 BILLION VERSUS REFINITIV IBES ESTIMATE OF $6.31 BILLION.QTRLY EARNINGS PER SHARE $2.07.QTRLY AVERAGE SALES PRICE PER TON DECREASED 2 PCT COMPARED TO Q3 OF 2018 AND INCREASED 21 PCT COMPARED TO Q4 OF 2017.QTRLY TOTAL TONS SHIPPED TO OUTSIDE CUSTOMERS WERE 6,687,000 TONS IN Q4 OF 2018 AN INCREASE OF 2 PCT.Q4 EARNINGS PER SHARE VIEW $1.94 -- REFINITIV IBES DATA.AVERAGE SCRAP AND SCRAP SUBSTITUTE COST PER GROSS TON USED IN Q4 OF 2018 WAS $359, A 13% INCREASE.AS CO ENTERS 2019, HAVE A POSITIVE OUTLOOK ON END-USE DEMAND AND GENERAL ECONOMIC CONDITIONS.NUCOR - EARNINGS IN Q4 DECLINED FROM Q3 DUE IN PART TO TYPICAL SEASONALITY.PLATE MILL IN U.S. MIDWEST EXPECTED TO BE FULLY OPERATIONAL IN 2022.EXPECT ANOTHER "STRONG QUARTER" FOR EARNINGS IN Q1 OF 2019.NUCOR - "AS WE ENTER 2019, WE HAVE A POSITIVE OUTLOOK ON END-USE DEMAND AND GENERAL ECONOMIC CONDITIONS".SHEET PRICING AND MARGINS ARE EXPECTED TO DECREASE IN Q1 OF 2019 AS COMPARED TO Q4 OF 2018.NUCOR - PROFITABILITY OF STEEL PRODUCTS SEGMENT IN Q1 OF 2019 IS EXPECTED TO BE SIMILAR TO Q4 OF 2018.PERFORMANCE OF RAW MATERIALS SEGMENT IS EXPECTED TO DECREASE IN Q1 VERSUS Q4 DUE TO DECREASED PERFORMANCE OF OUR DRI BUSINESSES.PERFORMANCE OF RAW MATERIALS SEGMENT IS EXPECTED TO DECREASE IN Q1 OF 2019 AS COMPARED TO Q4 OF 2018.NUCOR - EXPECT Q1 OF 2019 EARNINGS TO BE MUCH STRONGER THAN Q1 OF 2018.  Full Article

Nucor Corp Announced Plans To Build A Plate Mill In U.S. Midwest
Monday, 7 Jan 2019 06:30am EST 

Jan 7 (Reuters) - Nucor Corp ::NUCOR CORP - ANNOUNCED PLANS TO BUILD A PLATE MILL IN U.S. MIDWEST.NUCOR - BOARD HAS APPROVED AN INVESTMENT OF $1.35 BILLION TO BUILD THE MILL, WHICH IS EXPECTED TO BE FULLY OPERATIONAL IN 2022.  Full Article

Nucor Announces Guidance For Q4 & Full Year 2018 Results, Including Record Annual Earnings
Friday, 14 Dec 2018 09:00am EST 

Dec 14 (Reuters) - Nucor Corp ::NUCOR ANNOUNCES GUIDANCE FOR FOURTH QUARTER AND FULL YEAR 2018 RESULTS, INCLUDING RECORD ANNUAL EARNINGS.COMPANY EXPECTS STRONG DEMAND AND FAVORABLE PRICING TO CONTINUE IN 2019, FACILITATING CONTINUED FREE CASH FLOW GENERATION.SEES Q4 2018 EARNINGS PER SHARE $1.90 TO $1.95.EXPECTS TO REPORT FULL YEAR 2018 CONSOLIDATED NET EARNINGS IN RANGE OF $7.25 TO $7.30 PER DILUTED SHARE.EXPECTS THAT ITS CASH AND CASH EQUIVALENTS BALANCE AT DECEMBER 31, 2018 WILL BE SIMILAR TO BALANCE AT END OF Q3.APPROXIMATELY $1.5 BILLION REMAINS AVAILABLE UNDER NUCOR'S SHARE REPURCHASE PROGRAM.AS CO HEADS INTO 2019, CO CONTINUES TO SEE STRONG DEMAND AND HIGHER YEAR OVER YEAR AVERAGE PRICES ACROSS MOST PRODUCTS.BROAD-BASED TARIFFS IMPOSED UNDER SECTION 232 HAVE BEEN A TAILWIND CONTRIBUTING TO EXPECTED 2018 EARNINGS.FY2018 EARNINGS PER SHARE VIEW $7.53 -- REFINITIV IBES DATA.Q4 EARNINGS PER SHARE VIEW $1.98 -- REFINITIV IBES DATA.  Full Article

Nucor Announces Increase In Cash Dividend
Friday, 30 Nov 2018 11:30am EST 

Nov 30 (Reuters) - Nucor Corp ::NUCOR ANNOUNCES INCREASE IN CASH DIVIDEND.SETS REGULAR QUARTERLY CASH DIVIDEND OF $0.40PER SHARE.INCREASED REGULAR QUARTERLY CASH DIVIDEND ON NUCOR'S COMMON STOCK BY 5.3% TO $0.40 PER SHARE.  Full Article

Nucor Acquires Precision Castings Company In Mexico
Thursday, 29 Nov 2018 09:00am EST 

Nov 29 (Reuters) - Nucor Corp ::NUCOR ACQUIRES PRECISION CASTINGS COMPANY IN MEXICO.NUCOR CORP - ACQUIRING CORPORACION POK, S.A. DE C.V. (POK), A FULLY INTEGRATED PRECISION CASTINGS COMPANY WITH A FACILITY IN GUADALAJARA, MEXICO.  Full Article

Nucor Says Tariffs Are Achieving Their Primary Objective Bringing Nafta, Other Countries To Negotiating Table
Thursday, 18 Oct 2018 03:06pm EDT 

Oct 18 (Reuters) - Nucor Corp ::NUCOR SAYS TARIFFS ARE ACHIEVING THEIR PRIMARY OBJECTIVE BRINGING NAFTA, OTHER COUNTRIES TO NEGOTIATING TABLE - CONF CALL.NUCOR SAYS ITS PRICE INCREASE ABOUT A WEEK AGO SEEMS TO BE STICKING.NUCOR SAYS NEXT YEAR'S CAPEX WILL BE DRAMATICALLY HIGHER THAN THIS YEAR - CONF CALL.NUCOR SAYS ONLY WAY TO SURVIVE IN AN OVERCAPACITY MARKET, IF THERE IS ONE, IS TO BE THE LOW-COST PRODUCER - CONF CALL.NUCOR SAYS DON'T SEE A YEAR-END OVERSUPPLY IN INVENTORIES THAT HAVE BEEN CAUSING ANY PROBLEMS ON ORDER ENTRY- CONF CALL.  Full Article

Nucor shareholders reject proposal on disclosing lobbying details

Nucor Corp shareholders have rejected a proposal that would make the company report on its political lobbying, heading off efforts to make one of the most high-profile corporate actors in Washington more transparent.